SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934For the transition period fromtoCommission file number: 001-36834 EASTERLY GOVERNMENT PROPERTIES,INC. (Exact Name of Registrant as Specified in Its Charter) Maryland47-2047728(State of Incorporation)(IRS Employer Identification No.)2001 K Street NW, Suite 775 North, Washington, D.C.20006(Address of Principal Executive Offices)(Zip Code) (202) 595-9500(Registrant’s telephone number, including area code)Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was requiredto submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and“emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒As of April 20, 2026, the registrant had 46,449,374 shares of common stock, $0.01 par value per share, outstanding. INDEX TO FINANCIAL STATEMENTS Part I: Financial Information Item 1: Financial Statements:Consolidated Financial StatementsConsolidated Balance Sheets as of March 31, 2026 and December 31, 2025 (unaudited)1Consolidated Statements of Operations for the Three Months Ended March 31, 2026 and 2025 (unaudited)2Consolidated Statements of Comprehensive Income (Loss) for the Three Months Ended March 31, 2026 and2025 (unaudited)3Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 2025 (unaudited)4Notes to the Consolidated Financial Statements6Item 2: Management’s Discussion and Analysis of Financial Condition and Results of Operations24Item 3: Quantitative and Qualitative Disclosures About Market Risk39Item 4: Controls and Procedures40Part II: Other InformationItem 1: Legal Proceedings40Item 1A: Risk Factors40Item 2: Unregistered Sales of Equity Securities and Use of Proceeds40Item 3: Defaults Upon Senior Securities40Item 4: Mine Safety Disclosures40Item 5: Other Information41Item 6: Exhibits42Signatures Easterly Government Properties, Inc.Consolidated Balance Sheets (unaudited)(Amounts in thousands, except share amounts) Easterly Government Properties, Inc.Consolidated Statements of Operations (unaudited)(Amounts in thousands, except share and per share amounts) Easterly Government Properties, Inc.Consolidated Statements of Comprehensive Income (Loss) (unaudited)(Amounts in thousands) The accompanying notes are an integral part of these consolidated financial statements. Easterly Government Properties, Inc.Notes to the Consolidated Financial Statements (unaudited) 1. Organization and Basis of Presentation The information contained in the following notes to the consolidated financial statements is condensed from that which wouldappear in the annual consolidated financial statements; accordingly, the consolidated financial statements included herein should bereviewed in conjunction with the consolidated financial statements for the fiscal year ended December 31, 2025, and related notesthereto, included in the Annual Report on Form 10-K of Easterly Government Properties, Inc. (the “Company”) for the year endedDecember 31, 2025 filed with the U.S. Securities and Exchange Commission (the “SEC”) on February 23, 2026. The Company is a Maryland corporation that has elected to be taxed as a real estate investment trust (“REIT”) under theInternal Revenue Code of 1986, as amended (the “Code”), commencing with its taxable year ended December 31, 2015. Theoperations of the Company are carried out primarily through Easterly Government Properties LP (the “